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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME:    
Interest and fees on loans and leases $ 2,051 $ 2,047
Interest and fees on loans held for sale 14 15
Interest and fees on other loans held for sale 6 5
Investment securities 399 266
Interest-bearing deposits in banks 140 69
Total interest income 2,610 2,402
INTEREST EXPENSE:    
Deposits 987 550
Short-term borrowed funds 7 6
Long-term borrowed funds 174 203
Total interest expense 1,168 759
Net interest income 1,442 1,643
Provision (benefit) for credit losses 171 168
Net interest income after provision (benefit) for credit losses 1,271 1,475
NONINTEREST INCOME:    
Service charges and fees 96 100
Capital markets fees 118 83
Card fees 86 72
Trust and investment services fees 68 63
Mortgage banking fees 49 57
Foreign exchange and derivative products 36 48
Letter of credit and loan fees 42 40
Securities gains, net 5 5
Other income 17 17
Total noninterest income 517 485
NONINTEREST EXPENSE:    
Salaries and employee benefits 691 658
Equipment and software 192 169
Outside services 158 176
Occupancy 114 124
Other operating expense 203 169
Total noninterest expense 1,358 1,296
Income before income tax expense 430 664
Income tax expense 96 153
NET INCOME 334 511
Net income available to common stockholders $ 304 $ 488
Weighted-average common shares outstanding:    
Basic (in Shares) 461,358,681 485,444,313
Diluted (in Shares) 463,797,964 487,712,146
Per common share information:    
Basic earnings (in dollars per share) $ 0.66 $ 1.00
Diluted earnings (in dollars per Share) $ 0.65 $ 1.00